What is a stamp duty?

Answer

A stamp duty is a tax levied by the government on legal documents such as cheques, receipts, land transactions and marriage licences. The most common stamp duties include the stamp duty land tax levied on land and the stamp duty reserve tax or the stamp duty levied on stocks and shares. Normally, the stamp duty rates are fixed and payable upon completion of a purchase.
Q&A Related to "What is a stamp duty?"
In Australia "Stamp duty" is a tax levied by individual States in the Commonwealth of Australia. In Victoria stamp duty is levied under the Duties Act and collected by the
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An ad valorem or flat rate charged on certain documents. Investopedia Says: This is an extra charge placed on documents. Related Links: Learn to distinguish between general obligation
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1. Use the purchase or transfer price of your property as the basis for calculating stamp duty on property in the UK. 2. Calculate the stamp duty payable by multiplying your property
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2 Additional Answers
Ask.com Answer for: what is stamp duty
Stamp Duty
The tax placed on legal documents usually in the transfer of assets or property. This duty is customary in the Commonwealth of Nation countries including Singapore and Australia and certain states in the United States. Where enforced, this tax is pla... More »
This is a catch-all term for many number of different types of taxes that are levied on documents that transfer ownership of shares.
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